Global School Software Market - 2021-2028
The school software market size was worth US$ YY million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
School software is an all-encompassing term used to indicate all software designed for use in the industry. The school software involves everything from student information systems and classroom management software to language learning and reference management software. The software has been gaining importance to make all the school operations more efficient or more effective. The school software may include school ERP software, learning management system, student information systems, class management software, assessment software, critical event management software, etc.
Schools have a reputation for being the last places to adopt the technology. Still, as the digital transformation has spanned to reconstruct and rearrange industries in every sector, they too have begun to embrace the inevitable. The reach of tools in the school industry is growing, particularly with the introduction of artificial intelligence software and the private sector's recognition of the huge potential attached to growing education-specific software. The school software market demand has been growing, with institutions seeking to bypass several manual processes and the benefit by leveraging the potential and functionalities of advanced technologies.
The global school software market growth is driven by the need for more effective solutions in institutions.
The school sector has witnessed constant advancements regarding the management, academics and other aspects in the school. The software will help in achieving efficiency and effectiveness for the school's operations. Teachers can use appropriate resources such as classroom management software to check distractions and improve attention on course material. Administrators can leverage the insights provided by information systems to administrative decisions and shape policy. School software saves administrators and teachers much time on administrative tasks, like grading and empowering them to find more productive ways to increase their respective outputs. The education professionals are now focusing on ensuring student understanding of class material. The available education applications with great functionality provide educators with the tools to create their students with the best possible learning environment. It may take the form of digital materials reinforced with AR/VR software in the classroom, the use of classroom management tools, a learning management system designed to keep students on task.
Teachers are also adopting the new classroom trend and adjusting their teaching styles according to student needs. Education software supports teachers change their learning environments by providing tools that can provide to every learning style. Due to the rising demand for school software, the companies have been in high demand to offer effective solutions. For instance, in 2021, Class Technologies Inc., a Class software provider that combines teaching and learning tools with Zoom, had raised US$ 30.75 million in a Series A investment round co-led by Owl Ventures and Insight Partners.
One of the immense problems faced by the education software industry is privacy. The expanded software utilization during the schools results in gathering more information and being housed by educational institutions. Especially in K-12 institutions, there are privacy issues raised by parents and communities regarding the release of information about their students.
As AI makes its way into the classroom and the internet of things accumulates and transmits information about everything within the classroom, there have been conflicts between the amount of data a school has the right to gather. The scenarios mentioned above are responsible for restraining the market growth of education software in the forecasted period.
Due to the pandemic, the school software industry has witnessed a growing demand from the schools. Countries around the globe are dependent upon online technologies to continue the education sector. Several institutions have advanced in school software to offer uninterrupted services to the students and parents. Moreover, the lockdowns across countries generated the necessity for institutes to virtually manage academic and administrative processes, offering a substantial boost to the school software market.
The need for school software solutions has seen growth for e-learning, virtual classrooms and other digital solutions for granting uninterrupted education to learners worldwide. The sudden shifts in education systems and practices in the wake of a pandemic drive stakeholders to spend in modern technologies and modify the sector's evolving technology landscape.
The recent government initiatives for online education are also likely to impact the school software market. In 2021, Singapore's Education Ministry has made it mandatory for secondary school students to place remote access software on laptops distributed under a national digital literacy program for attending classes online during Covid-19. The software will allow schools to go through a web search history of students and remotely view student screens during and outside school hours. It also enables teachers to limit the time for students to use their devices.
By deployment type, the school software market is segmented into school ERP software, learning management system, student information systems, class management software, assessment software, critical event management software and others.
The need for automation in the numerous operations of schools is boosting the sales for school ERP software
School ERP software will hold a significant market share in the school software market during the forecast period. ERP Software has been helping schools in handling the day-to-day academic and administrative activities from a single platform. The companies offer user-friendly dashboards with login access for teachers, non-teaching staff, parents, students and management personnel to operate all the functions efficiently. The various modules available in school ERP software automate the institution's daily operations, from the admission of the students to creating transfer certificates and digitizing the online learning experience effortlessly.
At present, School ERP systems have been in demand from the majority of the institutions to streamline school's various functions. All gigantic tasks normally require manual labor, can be accomplished with a single click with the ERP system. It took time for schools worldwide to understand that the manual approach of institution tasks is prone to mistake and present lower efficiency. With ERP systems, a school can deliver trivial tasks in no time and error-free. Since the pandemic broke out, the schools have invested heavily in the ERP software realized to control all the schooling models, including records of teachers, new admissions, students, assessments, conducting exams, etc.
The rise in demand from schools to perform manual operations through software is boosting the market in the North American region
North America region holds a significant market share for the school software market globally. The schools have been making significant investments in the software to present more effective management, educations and services to the parents and students. Leading private schools throughout North America have recognized the importance of connecting the school operations through software. Various leading companies have witnessed a hike in demand for school software. For instance, for the 2019-2020 school year in September, over 800,000 students, parents, school faculty and administrators have used the education management platform from Blackbaud, a 14% increase year-over-year. The company has reported over 32 million logins in September, up over 30% year-over-year.
Moreover, the rising number of cyberattacks in the region has been a major concern for schools. The government has reintroduced laws to strengthen the schools against these types of attacks. Hence, the companies are offering software to assure the safety of the school's data. For example, in 2021, Everbridge, Inc has announced that three California county school districts opted for K-12 School Safety software solutions to approach crises concerning schools and districts. California Office of Education, Fresno County, among the K-12 schools across 17 U.S states and four countries, chose the Everbridge school safety platform to quicken response times and organize emergency management efforts on K-12 campuses.
The school software market is highly competitive, with companies focusing on providing leading technologies in software to automate school processes. The market is dominated by the global presence, followed by the local companies. Some of the key players contributing to the market's growth are EMS LINQ, Inc, Blackboard Inc., D2L, Blackbaud, MySchool Ltd, Milgrasp, Class Technologies Inc, Skyward, Infinite campus Inc, Instructure, Inc. and others. The players are adopting various new strategies to dominate the market, such as enhancing existing services, launching new software, partnerships, acquisitions and collaborations, contributing to the global growth of the school software market.
The global school software market report would provide approximately 69 market data tables, 66 figures and 180 pages.
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